Russia-related General License 8L - Authorizing the Wind Down of Transactions Related to Energy (January 10, 2025) [PDF includes all versions]

Date issued: Jan. 10 2025

You've hit a wall. Sign in if you have an account, or learn more about TURBOFAC and subscription options.
TURBOFAC is a module of the compliance platform OverRuled. To learn more about OverRuled, visit www.overruled.com.

TURBOFAC Commentary (481 words)

Notes:

[6-12-24 update : GL amended on 6-12-24 to add "National Clearing Center (NCC)" to the list of entities under paragraph (a), and again on 10-30-24 to extend the expiration date. 1-10-25 update: GL amended to move up expiration date to March 12, 2025 from April 30, 2025, and to add "ordinarily incident and necessary to the wind down of any transaction" to paragraph (a).

On 1-10-25, OFAC amended this GL to turn it into a "wind down" authorization. The below has not been amended since 6-12-24.]

--
Notes:

1) Refer to comments to the following relevant FAQs: FAQ # 976, FAQ # 977, FAQ # 978, FAQ # 967, FAQ # 974, FAQ # 1010, FAQ # 1011 and FAQ # 1012.

2)...